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#economy

132 posts60 participants0 posts today
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William Lindsey :toad:

"One way to think about this is to say that Trump is doing to America what Elon Musk is doing to Tesla, destroying a valuable brand through erratic behavior and repulsive ideology. Did I mention that Tesla sales in Europe appear to be cratering?"

~ Paul Krugman

#Musk #Trump #authoritarianism #economy #EconomicElites #billionaires #TaxCuts
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paulkrugman.substack.com/p/tes

Paul Krugman · Destroying America's BrandBy Paul Krugman
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William Lindsey :toad:

"Rather than denounce the clear and present dangers to our country, many business, religious, media, and other elites continue to support Trump and Musk. Some do this by staying silent, while others follow hollowed-out GOP politicians and Christian nationalist charlatans in claiming that the smash-and-plunder operation masquerading as a government is 'saving the nation.'”

#Musk #Trump #authoritarianism #economy #EconomicElites #billionaires #TaxCuts #media #ChristianNationalism
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William Lindsey :toad:

"We are living through processes of moral deregulation and moral collapse in America today under the authoritarian government of President Donald Trump and unelected co-President Elon Musk. Their policies are wrecking a robust national economy, paralyzing government, allying with dictators, creating conditions for the spread of disease, and abandoning the rule of law."

~ Ruth Ben-Ghiat

#Musk #Trump #authoritarianism #economy #EconomicElites #billionaires #TaxCuts
/2

lucid.substack.com/p/we-are-li

Lucid · We Are Living Through Moral Collapse. How Democrats Can Strike BackBy Ruth Ben-Ghiat
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William Lindsey :toad:

"As Trump literally tanks the American economy and the trust of the international business community, where are the voices of America’s business leaders? Are they all hoping that Trump will do a commercial on the White House lawn hawking their products too? ...

Your tax cuts will not be large enough to cover your shame. And we will remember."

~ Sherrilyn Ifill

#Musk #Trump #authoritarianism #economy #EconomicElites #billionaires #TaxCuts
/1

sherrilyn.substack.com/p/it-is

Sherrilyn’s Newsletter · It Is Not Enough to Fight. You Have to Meet the MomentBy Sherrilyn Ifill
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Benjamin Carr, Ph.D. 👨🏻‍💻🧬

30 Charts That Show How #Covid Changed Everything in March 2020
#Covid19 broke the charts.
Decades from now, the pandemic will be visible in the historical data of nearly anything measurable today: an unmistakable spike, dip or jolt that officially began for #Americans five years ago this week.
Here’s an incomplete collection of charts that capture that break — across the #economy, #healthcare, #education, work, family life and more.
nytimes.com/interactive/2025/0

The New York Times · 30 Charts That Show How Covid Changed Everything in March 2020By Aatish Bhatia
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Miss Gayle

There is a path forward, but we have to break out of the consumerist mindset that looks to predatory capitalism to solve problems it created.

Read the article: resilience.org/stories/2025-03

Order the 2019 book From What is to What If: bookshop.org/p/books/from-what

Pre-order the new sequel coming out this year: bookshop.org/p/books/how-to-fa

"More solutions are available than we’re often willing to recognize."

Solutions will be outside the box.

What if we could uncancel the future? Rob Hopkins, originally published by Rob Hopkins blog March 14, 2025 We need something with a focus on action and possibility. We need a movement that shares stories of what’s possible, creating futures so exciting that people can’t help but want to make them happen. When Luigi Vitali interviewed me for Dust Magazine [From Dust magazine: Original here]. Rob Hopkins, a pioneer in sustainability and community-driven change, believes that the future isn’t something we stumble upon—it’s something we actively create or fail at. At the heart of his work lies a question: what happens when we lose the ability to imagine a better world? For Hopkins, imagination is more than just creativity—it’s a survival tool essential for unlocking the sustainable, resilient, and equitable futures we are desperately in need of. In his 2019 book, From What Is to What If, Hopkins tackles what he calls a crisis of imagination—a byproduct of individualism, consumer culture, and systems that keep us reactive and passive. Without imagination, he argues, we risk repeating the past, trapped in outdated structures that no longer serve us. Yet, Hopkins offers a way forward: by reviving our collective capacity to dream—through community action, art, and storytelling—we can reshape the trajectory of our world. His upcoming book, How to Fall in Love with the Future, out in 2025, further develops this vision.
#Sustainability#FoodSecurity#Economy
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Miss Gayle

The modern western way of life will come to an end for all but the uber wealthy. It's only a matter of when, not if.

"If" passed a while back. The time to learn to live within your community's limits is now, while you still can make adjustments.

Muskrat & cheeto are in the process of collapsing the economy, and the climate, as we speak.

If your community doesn't have a plan for reducing your use of utilities & imported food, you'd better start.

The 7 Fundamental Drivers of Overshoot Nate Hagens, originally published by The Great Simplification March 17, 2025 By over-consuming our environment—and ecosystem stability—in the short-term, we are putting our planet’s long-term stability and capacity to provide for future generations in jeopardy. "...Humans have many examples of cognitive dissonance in our lives, where our beliefs and attitudes are in conflict with reality. Given that this internal conflict is uncomfortable, we resolve it through rationalization, denial, or the avoidance of information which contradicts our pre-existing beliefs. This creates a widening gap between our physical reality and the subjective reality we create inside our heads. This truth is not for the faint of heart. Acknowledging that we are a species in overshoot would mean acknowledging and accepting that many of our beliefs and hopes about the future are wrong. Because of cognitive dissonance, we are more likely to keep our heads in the sand and continue to increase humanity’s overshoot, rather than acknowledge and accept the painful reality of our overshoot predicament..."
#Sustainability#FoodSecurity#Economy
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Nonilex

#TradeWar Retaliation Will Hit #Trump Voters Hardest

As Trump imposes #tariffs on products from countries around the world, foreign govts are answering back w/tariffs of their own.

#China has targeted corn farmers & carmakers. #Canada has put tariffs on poultry plants & A/C manufacturers, while #Europe will hit American steel mills & slaughter houses.

#economy #USpol
nytimes.com/interactive/2025/0

The New York Times · Maps: Where Trump Voter Jobs Will Be Hit by TariffsBy Lazaro Gamio
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beSpacific

Younger Americans don't have enough saved to cover a single month of spending, showcasing their vulnerability should the economy head into a downturn. Members of #GenZ spending twice the amount they had in savings on average in February. The ratio has increased in the past 2 yrs, and is much higher than for other generations...they tend to spend a bigger share of their incomes on necessities including #rent and #utilities. fortune.com/2025/03/14/gen-z-a #economy #economics #stockmarket #spending

Fortune · Gen Z Americans don’t have enough saved to cover a single month of spendingBy Augusta Saraiva
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Kim Perales

“Consumer sentiment is declining rapidly for HHs

•Consumer worries about losing their jobs are at levels normally seen during recessions

•A record-high share of consumers think business conditions are worsening

•HH’s income expectations are declining

•Inflation expectations are rising at an unprecedented speed

The bottom line is that consumer sentiment is
🚨DETERIORATING AT AN ALARMING RATE.”
-T Slok, economist at Apollo

A line graph depicting consumer sentiment over time for families with incomes greater than $100,000 per year (green line) and those with incomes less than $100,000 per year (blue line). The x-axis ranges from Jan 1990 to 2025
Graph displaying the percentage of consumers who expect business conditions to worsen over time, with key peaks noted. Source: University of Michigan, Haver Analytics, Apollo Chief Economist.
Line graph depicting inflation expectations over time from January 1990 to January 2025. Two lines show the median increase for 5-10 year (blue) and 12-month (green) inflation expectations, indicating a recent and notable rise.
Line graph showing the significant decline in household income expectations over time, with median expected change in income marked in green. Data spans from January 1999 to January 2025, including notable declines around early 2009 and 2020. Source
#Trumpcession#Stagflation#Economy
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